Barclays sees great long-term opportunities in banking in Africa, where some countries are enjoying strong economic growth, the CEO of its retail division tells Peter Guest. Nigeria is the most obvious location for the bank to make significant investment, but there are openings in many parts of the continent

Today, some 60% of the world FDI stock is in the services sector, in both developed and developing countries. The share of this sector in FDI flows is slightly higher. This is not surprising, as it reflects the sectoral structure of home and host countries: in developed countries, the services sector accounts for about two-thirds of GDP, in developing ones for more than half.